A detailed explanation of online casino bonus wagering requirements.
They say nothing in life is free, and it’s hard to argue with that. An online casino my debate the issue, saying, ‘Hey, what about our free no-deposit bonus – that’s 100% free!‘ But is it really? You won’t have to make a deposit first, or risk any of your own money, but you can bet your bottom free-credit that there are terms attached.
And by the way ,yes, you will have to make a deposit before you collect any winnings. No one is allowed to make a withdrawal without making a first-time deposit to prove their identity. It’s a security feature, and is as beneficial to you (preventing identity theft) as it is to the casino.
So today, we’re going to talk about bonus wagering requirements. We’ll cover in detail what they are, why every online casino employs them, and exactly how they work.
Online Casino Bonus Wagering Requirements
Wagering requirements, or WR for short, are stipulations found in the promotional ‘terms and conditions‘. They require a player to place a minimum amount of wagers before any winnings from a bonus can be cashed out.
The WR will be based on the amount of the bonus, and—if that bonus was applied to a deposit—the amount of the deposit as well.
For instance, if you receive a no-deposit bonus, the WR might be 60x to 70x playthrough of that bonus. If you receive a deposit bonus, on the other hand, the WR might be 35x to 45x the deposit+bonus amount.
WR is often restricted to slot machine games. Most casinos call these ‘Slots Bonuses‘, naturally implying that you can only play slots with the bonus money. Be sure to read the terms thoroughly. Sometimes slot machine wagers will count 100% towards WR, while other games, like blackjack or roulette, only count 10%. Then some games might be ineligible altogether.
These term are usually listed in a table within the T&C as eligible games. So if you were to play blackjack only at 10% WR, you would actually have to wager 10x more than the original WR calls for.
Why Online Casinos Impose Wagering Requirements
Despite appearances, casinos aren’t in the business of giving away money. The WR is carefully calculated to ensure that, based on probabilities, most players are going to lose their entire bonus before they managed to clear WR.
Yes, some players are going to get lucky. Casinos will be paying out bonus winnings on occasion. But the majority of the time, players lose. We can’t really complain, though. It’s still the casino’s money we’re losing, and we have an awfully good time doing it. In reality, if it was our own money, we’d probably lose that too, thanks to the constant house edge.
How Wagering Requirements Work
The following is an example of the wagering requirements imposed by Royal Vegas Casino on its first-time deposit bonus. They are very similar to other online casinos, although the exact bonus amounts and WR may vary.
New players are offered a first-time deposit bonus of 100% up to $250 on their initial purchase. If a player deposits $100 to start, they will receive a $100 bonus, for a total starting bankroll of $200.
The wagering requirements on this bonus are 40x the deposit+bonus amount ($200). 40 x $200 = $8,000. (Yes, $8,000, that’s not a typo!) You’ll have to place $8,000 worth of wagers before any winnings from the bonus can be withdrawn.
Under the promotional terms and conditions, Royal Vegas declares its ‘eligible games‘, and the percentage at which they count towards WR, as:
|Most slots and parlour games (Keno and scratch card games)||100%|
|Table poker games and Casino War||20%|
|Texas Hold’em Bonus Poker, Sic Bo, Wheel of Riches and all roulette games. Video poker games, craps, baccarat and all blackjack games except Classic Blackjack. Hot Ink, Retro Reels (Extreme Heat/Diamond Glitz)||10%|
|Classic Blackjack and All Aces Video Poker / Power Poker||2%|
So let’s say you spend $4,000 wagering on slot machines, clearing half the WR. You want to clear the rest on blackjack (anything but Classic Blackjack), which counts 10% towards WR. You would have to wager $40,000 (yep, 40-grand!) on blackjack to clear the rest of the bonus.
This is how wagering requirements work. And if you think Royal Vegas is too strict, trying reading the WR terms of a few other online casinos. You won’t find much better, nor much worse.